CMHC reports annual pace of housing starts holds steady in January

OTTAWA _ Canada Mortgage and Housing Corp. says the pace of housing starts in January held steady compared with December.

The housing agency said Thursday the seasonally adjusted annual rate of housing starts came in at 216,210 units in January. That compared with a rate of 216,275 units in December.

Economists had expected an annual pace of 210,000, according to Thomson Reuters.

“Canadian homebuilders didn’t seem to be impacted by a cold January,” Royal Bank economist Josh Nye wrote...

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